JFU News

The August lull has set in and we’re in the thick of it, with just two pricings this week and one postponement. The IPO pipeline is starting to fill up, with seven companies submitting initial filings led by The We Company (WE), a signal that the summer slowdown is coming to an end. Chinese online lending platform 9F (JFU) raised $85...read more

9F, an online consumer lending platform in China, raised $85 million by offering 8.9 million ADSs at $9.50, the high end of the range of $7.50 to $9.50, to command a fully diluted market value of $2.1 billion.  9F plans to list on the Nasdaq under the symbol JFU; it had originally planned to list on the NYSE. Credit Suisse, Haitong International, CITIC CLSA, China...read more

A Kansas bank and a Chinese fintech are scheduled for the week ahead, the last crop of offerings before the IPO market's annual August break. CrossFirst Bankshares (CFB) has about $4.6 billion in assets, with seven locations across KS, OK, TX, and MO. While its efficiency ratio and ROE are below peers, the bank has achieved relatively faster growth, and its...read more

9F, an online consumer lending platform in China, announced terms for its IPO on Thursday. In its latest filing, the company also added CLSA and China Investment Securities International as joint bookrunners. The Beijing, China-based company plans to raise $76 million by offering 8.9 million ADSs (24% insider) at a price range of $7.50 to $9.50. Outside investors have indicated...read more